YieldBadger

Cap rate & gross rent multiplier calculator for Farmington, MI

Starts from local data for Farmington, MI (ZIP 48331): a 3-bedroom rent of $2,650 a month (range $1,777–$2,650). Every value stays editable.

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Property
$
$
%
$
Cap rate
6.58%
Gross rent multiplier
9.92
Gross annual rent
$50,400
NOI (yearly)
$32,880
Cap rate6.58%

How this is calculated

  1. 1Gross annual rent = monthly rent × 12.
  2. 2NOI = gross annual rent × (1 − vacancy %) − operating expenses.
  3. 3Cap rate = NOI ÷ price.
  4. 4GRM = price ÷ gross annual rent.

Neither metric accounts for financing. Use the rental cash flow calculator to see returns with a mortgage.

Frequently asked questions

What rent should I use for a 3-bedroom rental in Farmington, MI?
In ZIP 48331 the typical figure is $2,650 a month ($1,777–$2,650); across Farmington's 6 ZIP codes it's $1,708–$2,650, with a median of $2,124. Check listings for the specific property.

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